Well, howdy there internet people? It's Bowe again. So today we are going to talk about a

distant Supreme Court case and what it means and why a lot of people are going to be kind of waiting on it

even though it's probably ways off and how it may end up being used as a gauge to see where the Supreme Court is on certain issues.

Okay, so the Fifth Circuit basically ruled that the Consumer Financial Protection Bureau

is unconstitutional, like all of it, kind of, based on how it is

funded, is what it seems.

Now, the Fifth Circuit made this ruling.

The Biden administration asked the Supreme Court to take a look at it.

And they're going to.

The administration asked for it to be fast-tracked.

That part it does not look like is going to happen.

Okay, so what is at stake here and what is the concern?

This agency and what it does,

it's a regulatory body, oversees like marketing and lending practices

and stuff like that.

This agency doesn't get its funding the way most agencies do, which is through yearly

appropriations from Congress. The Fifth Circuit seemed to basically just say, hey, if you're not going to get that way, it's unconstitutional.

Generally speaking, for almost 100 years, the Supreme Court has held that as long as Congress

authorized the funding, then that that

counts. The way the Consumer Financial Protection Bureau gets its money is basically by telling the

Federal Reserve System, hey we need X amount of dollars.

And then the Fed gives them the money, as long as it's not more than 12% of their operating

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